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KCSMMHZ
Jan 29, 2013 6:00am PST
for servicing government debt or an increase of over 1%. also for the first time in four years, tax revenues are expected to exceed what the government would get by issuing new bonds. the government expects tax revenues to total over $473 billion, or nearly 2% more than in this fiscal year. meanwhile, new bond offerings will fall by 3% to about $470 billion. japan still relies on government bond sells for 46% of its total revenue. the outstanding balance of government debt is expected to total about $8.2 trillion at the end of fiscal 2013. to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >> japanese workers may soon have a few more yen in their pockets if union leaders get their way. union and business leaders are discussing a proposed wage hike. to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budg
KCSMMHZ
Jan 28, 2013 2:30pm PST
greater tax equity, a campaign against tax havens and tax evasion'ns, a clawing back against the prices we have seen rising, and more measures to rein in the financial sector. will it be a winning formula? we will have to see what the voters say. >> one of the world's richest man and a philanthropist, bill gates was -- bill gates, was there. what did he have to say? , he pointed out that germany, like many other european economies -- >> he pointed out that germany, like many other european countries, as failed in its pledge to contribute 0.7% of gross thomistic product to development programs. >> we will be back in one minute. >> welcome back. more trouble for angela merkel 's coalition partners, the free democrats. in addition to lagging in the opinion polls, now they are facing allegations of sexism. >> the parties lead candidate in this autumn's elections, rainer bruderle, is accused of making inappropriate comments to a female journalist. >> the case has triggered a national debate on how sexism persists in german society. >> rainer bruderle is not talking to any journalists at the mom
KCSMMHZ
Jan 27, 2013 5:30pm PST
government bonds. officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the dow jones industrial average ending the week with more than a 5% high. with remarks about how the market is reacting, we have ramin mellegard at the tokyo stock exchange. walk us through some of the key events. >> a lot of key events this week. good morning to you, ai. not only will we get a continuation of the earnings in u.s. this week, but also here in japan we'll get a stream of earnings reports starting as well. it's going to be very interesting to see how the weakening of the yen will play into those numbers. let's have a look at the opening levels on this monday, january 28. the nikkei 10,948. it actually hit 11,000 at one point, and that's the first time since april
KCSMMHZ
Jan 24, 2013 2:30pm PST
taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and tomorrow, we will continue the discussion over the role of the central bank's -- banks now and in
Search Results 0 to 3 of about 4